Vermont Statutes
Article 4 - Bank Deposits and Collections
§ 4—108. Time of receipt of items

§ 4—108. Time of receipt of items
(a) For the purpose of allowing time to process items, prove balances, and make the necessary entries on its books to determine its position for the day, a bank may fix an afternoon hour of 2 p.m. or later as a cutoff hour for the handling of money and items and the making of entries on its books.
(b) An item or deposit of money received on any day after a cutoff hour so fixed or after the close of the banking day may be treated as being received at the opening of the next banking day. (Added 1993, No. 158 (Adj. Sess.), § 13, eff. Jan. 1, 1995.)

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Structure Vermont Statutes

Vermont Statutes

Title 9A - Uniform Commercial Code

Article 4 - Bank Deposits and Collections

§ 4—101. Short title

§ 4—102. Applicability

§ 4—103. Variation by agreement; measure of damages; action constituting ordinary care

§ 4—104. Definitions and index of definitions

§ 4—105. “Bank”; “depository bank”; “intermediary bank”; “collecting bank”; “payor bank”; “presenting bank”

§ 4—106. Payable through or payable at bank; collecting bank

§ 4—107. Separate office of bank

§ 4—108. Time of receipt of items

§ 4—109. Delays

§ 4—110. Electronic presentment

§ 4—111. Statute of limitations

§ 4—201. Status of collecting bank as agent and provisional status of credits; applicability of article; item indorsed “pay any bank”

§ 4—202. Responsibility for collection or return; when action timely

§ 4—203. Effect of instructions

§ 4—204. Methods of sending and presenting; sending directly to payor bank

§ 4—205. Depositary bank holder of unindorsed item

§ 4—206. Transfer between banks

§ 4—207. Transfer warranties

§ 4—208. Presentment warranties

§ 4—209. Encoding and retention warranties

§ 4—210. Security interest of collecting bank in items, accompanying documents and proceeds

§ 4—211. When bank gives value for purposes of holder in due course

§ 4—212. Presentment by notice of item not payable by, through, or at a bank; liability of drawer or indorser

§ 4—213. Medium and time of settlement by bank

§ 4—214. Right of charge-back or refund; liability of collecting bank; return of item

§ 4—215. Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal

§ 4—216. Insolvency and preference

§ 4—301. Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank

§ 4—302. Payor bank’s responsibility for late return of item

§ 4—303. When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified

§ 4—401. When bank may charge customer’s account

§ 4—402. Bank’s liability to customer for wrongful dishonor; time of determining insufficiency of account

§ 4—403. Customer’s right to stop payment; burden of proof of loss

§ 4—404. Bank not obliged to pay check more than six months old

§ 4—405. Death or incompetence of customer

§ 4—406. Customer’s duty to discover and report unauthorized signature or alteration

§ 4—407. Payor bank’s right to subrogation on improper payment

§ 4—501. Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor

§ 4—502. Presentment of “on arrival” drafts

§ 4—503. Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need

§ 4—504. Privilege of presenting bank to deal with goods; security interest for expenses